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Residential Property

We undertake residential property work for clients who are looking for a very personal service from an experienced practitioner. The properties we help our clients buy and sell are often very valuable properties or being acquired for the purposes of our clients’ buy to let portfolios. We also specialise in buying and selling country house estates with significant amounts of land, staff cottages and outbuildings. We have built up an extensive network of local property professionals including estate agents, valuers and surveyors with whom we frequently interact for the benefit of our clients.

 

 

Residential Conveyancing fees

No property is exactly the same, and our fees (and the disbursements which need to be incurred) will reflect the particular requirements of your sale or purchase. We specialise in buying and selling country house estates with significant amounts of land, staff cottages and outbuildings.  As such, the likely costs will be very much dependent upon the particular complexities of each property.  Dealing with a listed building (for example) may, because of the added complexities, cost more than dealing with a freehold property.  In addition dealing with a leasehold or property not as yet constructed will cost more than dealing with a simple freehold property.  Because of this, we can’t give you a reliable estimate of the cost of us helping you until we have details of your intended transaction. 

 

Our fees for conveyancing start from £1,250 plus VAT and the average price for a standard freehold house purchase that does not have unexpected complications is £1,500 plus VAT.  Our fees for a typical house purchase valued at £2m range from around £2,000 plus VAT for a simple transaction to around £10,000 plus VAT for a substantial historic building on unregistered land or a country estate.  These figures may however vary in cases with special complications.  That’s why we will always give you an individual cost estimate at the start of the transaction, taking into account the actual features of your purchase. 

We will always advise you immediately about any complication and discuss the potential impact on price before any additional charges are incurred.  Of course, if one of our cases does have unexpected complications, we always inform you of that immediately, and would fully discuss the potential consequences of that before any extra charges were incurred. 

All our property lawyers are extremely experienced ranging from 15 to over 40 years post qualification.  Hourly rates vary from £255 plus VAT for an Associate to £300 plus VAT for a Director.

For a typical sale, disbursements will be minimal and will be for land registry documents (between £3 plus VAT and £6 plus VAT per document) and any other documents which need to be produced.  Whilst not a disbursement, it is standard practice to pay the estate agent’s invoice for their work in selling the property from the sale proceeds or for you to ensure that we are in funds to pay such invoice as part of the completion monies.

In addition, for a leasehold sale the following costs may be incurred:

  1. leasehold sale pack fees payable to the landlord or managing agents in order to obtain all the necessary information regarding the building or estate where the property is located.  These vary from property to property.
  2. costs of obtaining landlord’s consent to the sale (if required by the residential lease) including the landlord’s legal fees.

For a typical freehold purchase, disbursements will be:-

  1. Search fees in the region of £400 - £800 (dependent upon requirements and the size/location of the Property);
  2. Stamp Duty Land Tax (which varies based upon the Property, its purchase price and your own circumstances);
  3. Land Registry registration fees (which vary dependent on the purchase price).
  4. Pre-completion search fees of £3 plus VAT per title. 

For leasehold purchases, there may in addition be:-

  1. Registration fees payable to the landlord to register you as a new owner.  These vary from landlord to landlord although are typically around £75 plus VAT, and may also reflect in addition the cost of a deed of covenant or consent to purchase which may be required as part of the transaction process (typically around £275 plus VAT but again vary from landlord to landlord).
  2. Apportionments payable relating to the service charge and ground rent for the property.

If the property is in the course of being constructed, then the developer’s solicitor may charge a fee for producing the final documents for signature.  We will be able to inform you of this once we receive the document pack from the developer’s solicitor.

For all transactions there is a charge of £30 plus VAT if we have to send money electronically by telegraphic transfer.  There is no fee for a transfer of money by BACs transfer.